Zacks: Analysts Expect Cedar Realty Trust Inc (NYSE:CDR) Will Post Earnings of $0.11 Per Share

Brokerages forecast that Cedar Realty Trust Inc (NYSE:CDR) will report $0.11 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Cedar Realty Trust’s earnings. Cedar Realty Trust reported earnings of $0.13 per share during the same quarter last year, which would suggest a negative year over year growth rate of 15.4%. The firm is expected to issue its next quarterly earnings report after the market closes on Thursday, February 6th.

According to Zacks, analysts expect that Cedar Realty Trust will report full-year earnings of $0.45 per share for the current financial year. For the next fiscal year, analysts anticipate that the company will post earnings of $0.46 per share, with EPS estimates ranging from $0.45 to $0.46. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Cedar Realty Trust.

Separately, Zacks Investment Research upgraded Cedar Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th.

Institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its position in Cedar Realty Trust by 36.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 15,475 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 4,143 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in Cedar Realty Trust by 39.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 352,699 shares of the real estate investment trust’s stock valued at $1,040,000 after purchasing an additional 99,358 shares during the period. State of Alaska Department of Revenue boosted its stake in Cedar Realty Trust by 22.6% during the 4th quarter. State of Alaska Department of Revenue now owns 89,679 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 16,558 shares during the period. Millennium Management LLC lifted its position in shares of Cedar Realty Trust by 183.7% in the 3rd quarter. Millennium Management LLC now owns 513,921 shares of the real estate investment trust’s stock worth $1,541,000 after acquiring an additional 332,796 shares during the period. Finally, Squarepoint Ops LLC lifted its position in shares of Cedar Realty Trust by 64.0% in the 3rd quarter. Squarepoint Ops LLC now owns 226,344 shares of the real estate investment trust’s stock worth $679,000 after acquiring an additional 88,289 shares during the period. 87.85% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE CDR opened at $2.95 on Tuesday. Cedar Realty Trust has a twelve month low of $2.19 and a twelve month high of $3.76. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $258.15 million, a price-to-earnings ratio of 59.01 and a beta of 0.88. The business has a 50 day simple moving average of $2.81 and a 200-day simple moving average of $2.76.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 6.78%. The ex-dividend date of this dividend is Friday, February 7th. Cedar Realty Trust’s dividend payout ratio is 34.48%.

Cedar Realty Trust Company Profile

Cedar Realty Trust, Inc is a fully-integrated real estate investment trust which focuses on the ownership, operation and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, DC to Boston. The Company's portfolio (excluding properties treated as "held for sale") comprises 58 properties, with approximately 8.7 million square feet of gross leasable area.

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